Medium Voltage Surge Arrester Market Size - By Material (Polymer, Porcelain), By Application (Residential & Commercial, Industrial, Utility), Growth Opportunities, Industry Analysis, Regional Insights & Forecast, 2024 – 2032

Medium Voltage Surge Arrester Market Size

Medium Voltage Surge Arrester Market size was valued at around USD 731.6 million in 2023 and is estimated to record a CAGR of over 5.1% during 2024 to 2032. Increasing awareness of the importance of protecting medium voltage electrical systems from transient overvoltages and voltage surges is acting as a major driver for the product penetration. In addition growing demand for uninterrupted power supply and the need to enhance the reliability and performance of electrical networks are boosting the adoption of medium voltage surge arresters.
 

The expansion of renewable energy generation, such as wind and solar, has increased the complexity of medium voltage distribution systems, making surge protection crucial to safeguarding the integrity of these systems. Moreover, stringent regulatory requirements and safety standards related to power quality and equipment protection are encouraging the deployment of surge arresters in medium voltage networks. As a result, the market is expected to experience sustained growth as industries and utilities prioritize the protection and efficiency of their electrical infrastructure.
 

COVID-19 Impact

The COVID-19 pandemic has had a mixed impact on the medium voltage surge arrester market. The pandemic disrupted supply chains and manufacturing operations, leading to delays in product deliveries and project implementations. Lockdowns and restrictions slowed down construction activities and infrastructure projects, affecting the demand for surge protection devices in the short term. However, the pandemic also highlighted the critical importance of resilient electrical infrastructure, particularly in healthcare facilities, data centers, and remote working environments. This awareness has driven increased investments in improving the reliability and performance of medium voltage electrical systems, including surge protection.
 

Medium Voltage Surge Arrester Market Trends

The medium voltage surge arrester market is witnessing several notable trends. One prominent trend is the increasing integration of smart and IoT-based surge protection solutions. These advanced surge arresters are equipped with monitoring and diagnostic capabilities, allowing real-time data collection and analysis to assess the health of electrical systems. The growing emphasis on environmentally friendly surge arrester designs, including the use of eco-friendly materials and recyclable components to align with sustainability goals also plays a major role in driving the product adoption.
 

Furthermore, the adoption of surge protection in data centers and critical infrastructure is growing due to the increasing reliance on digital technologies. Lastly, there is a shift toward surge protection solutions that offer easy installation and maintenance, reducing downtime and operational costs for end-users. These trends reflect the evolving needs of industries and utilities for reliable and technologically advanced medium voltage surge protection solutions.
 

Medium Voltage Surge Arrester Market Analysis

Medium voltage surge arrester market share from the polymer-based segment is predicted to expand at 5.5% CAGR through 2032. Polymer-based surge arresters offer several advantages that drive their widespread adoption in medium voltage electrical systems. Firstly, they are significantly lighter and more compact than traditional porcelain or ceramic arresters, making them easier to handle and install. This lightweight design also reduces the mechanical stress on supporting structures. Secondly, polymer-based surge arresters provide excellent pollution performance, maintaining their insulating properties even in heavily polluted environments. Thirdly, they have a self-cleaning capability, shedding contaminants and ensuring long-term reliability.
 

The utility sector was worth over USD 300 million in 2022 and is estimated to cross USD 550 million in 2032. Utilities, responsible for the generation, transmission, and distribution of electricity, play a pivotal role in ensuring the reliability and stability of electrical networks. With the increasing demand for electricity, utilities are continually expanding and upgrading their infrastructure, including medium voltage systems. Surge arresters are a critical component of this infrastructure, safeguarding utility assets from transient overvoltages and voltage surges. As utilities strive to deliver uninterrupted and high-quality power supply to consumers, they are increasingly investing in advanced surge protection solutions.
 

Asia Pacific medium voltage surge arrester market is anticipated to grow at a CAGR of 4% between 2023 and 2032, on account of the rapid urbanization and industrialization across the region that have led to increased electricity consumption, creating a heightened need for reliable power distribution networks. As a result, utilities and industries are expanding and upgrading their medium voltage electrical systems, necessitating effective surge protection. The integration of renewable energy sources, such as solar and wind, into the power grid has introduced complexities that require advanced surge protection solutions to ensure grid stability.
 

Medium Voltage Surge Arrester Market Share

Leading manufacturers of medium voltage surge arresters are:

• ABB
• Siemens Energy
• Eaton
• Schneider Electric
• CG Power & Industrial Solutions Ltd
• General Electric
• Hitachi Energy Ltd
• Hubbell
• Izoelektro
• CHINT Group
• DEHN SE
• Ensto Elpro
• Surgetek
• TDK Electronics AG
   

These participants are ramping up their production capacities to expand global customer base.
 

Medium Voltage Surge Arrester Industry News:

• In February 2019, Eaton has unveiled its strategic initiative to seamlessly integrate equipment and expert services with intelligent automation and control solutions. This forward-looking approach is geared towards enhancing productivity and modernizing the electric grid. By combining these solutions, Eaton aims to assist utilities in tackling the complex challenges associated with ensuring a consistent and dependable power supply. This strategic move is poised to further solidify Eaton's standing as a leading provider of vital electric power solutions.
   

This market research report on medium voltage surge arrester includes an in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units & USD Million from 2019 to 2032, for the following segments:

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By Material

• Polymer
• Porcelain

By Application

• Residential & Commercial
• Industrial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina